None OverviewIn this lesson, you will learn the role of operations management and the concepts of efficiency versus effectiveness,goods versus services, and what various operations managers do. A production activity will be conducted to assistyou in understanding basic operational concepts (i.e., lean manufacturing, quality control, wage rate versus piecerate, total quality management, six sigma, process management, etc.).Instructions1. Review the following materials:• Sections 10.1-10.8 of Introduction to BusinessLinks to an external site.• Sections 12.1 and 12.4 of Introduction to Business Links to an external site.2. Answer the questions in this document:12.1 Operations Management Study Questions1. What are three factors that impact operations management?1. How might these factors affect the business you chose for your BIA projects2. What would you say is the goal of supply-chain management4. In what ways does supply-chain management impact operations management3. Thinking back to weeks 7 & 8 and what we learned about ethics, where do ethicscome into play with operations management and supply-chain management

Supply chain management (SCM) is a critical function within organizations that involves the…

Answered: Overview In this lesson, you will learn…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Overview In this lesson, you will learn the role of operations management and the concepts of efficiency versus effectiveness, goods versus services, and what various operations managers do. A production activity will be conducted to assist you in understanding basic operational concepts (i.e., lean manufacturing, quality control, wage rate versus piece rate, total quality management, six sigma, process management, etc.). Instructions Review the following materials: Sections 10.1–10.8 of Introduction to BusinessLinks to an external site. Sections 12.1 and 12.4 of Introduction to BusinessLinks to an external site. Answer the questions in this document: 12.1 Operations Management Study Questions1. What are three factors that impact operations management? How might these factors affect the business you chose for your BIA projects What would you say is the goal of supply-chain management4. In what ways does supply-chain management impact operations management Thinking back to weeks…
Q: Describe a real-world application from your personal experience that you were able to better understand using the tools and concepts learned in the Operations Management course. Please be as specific as possible.
Operations Plan • Company location (along with the physical requirements).• Company structure (organization chart)• The manufacturing processes of the product chosen.• Staffing requirements (along with compensation and benefits packages).
Managing the Information Technology Resource Multiple choices Q : Which of the following is considered a primary activity in Porter's Value Chain model?: A) Firm infrastructure B) Operations C) Human resource management D) Technology management
Slide 4: Value Chain Analysis• Analyze the value chain of the Walmart company and identify its primary and support activities.• Discuss how the company adds value through its operations and supply chain.5. Slide 5: Process Strategy• Identifies the process strategy used by the company (Walmart).• Explain the main types of processes used in company operations.
Please do not give solution in image format thanku Through illustrations describe operations management and what it entails
Title Discuss organizational technologies and their role in operations management. Identify and discuss... Description Discuss organizational technologies and their role in operations management. Identify and discuss the components involved in implementing operations systems through supply chain management.
Q1) Describe the fundamental concept of Operations management with the help of relevant examples
6. acquisition and placement of equipment a. operations manager b. system design operations c. system operations decision d. producer
Unilever Manufacturing operates year-round. The following data are pulled from thecompany’s most recent semi-annual report.Assets• Raw material inventory $120,000• Work-in-process inventory $50,000• Finished goods inventory $300,000• Property, plant, and equipment $500,000• Other assets $200,000• Total assets $1,150,000Condensed Income Statement• Revenue $2,000,000• Cost of goods sold $600,000• Other expenses $1,000,000• Net income $400,000Calculate the following based on a year duration:(a) Percentage invested in inventory (PIII);(b) Inventory turnover (TURNS); and(c) Weeks of supply (WOS)
Note- need correct option without explanation as fast as possible!! What other names may be given to an operations manager? A)Fleet manager B)All of the above C)Store manager D)Administrative manager
Note - need the correct option without explanation as fast as possible!! Which of the following activities is NOT direct responsibility of operations management? A) Developing an operations strategy for the operation. B)Determining the exact mix of products and services that customers will want. C)Designing the operation's products, services and processes. D)Planning and controlling the operation.

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